Current StatusView additional legislative information at the LPITS web site.Bill Number: 683 Ratification Number: 587 Act Number 519 Introducing Body: Senate Subject: Issuance of additional revenue bonds
(A519, R587, S683)
AN ACT TO PROVIDE THAT THE GOVERNING BODY OF ANY RECREATION DISTRICT THAT HAS AUTHORITY TO ISSUE REVENUE BONDS IS AUTHORIZED TO ISSUE ADDITIONAL REVENUE BONDS UNDER CERTAIN CONDITIONS.
Be it enacted by the General Assembly of the State of South Carolina:
Issuance of additional revenue bonds
SECTION 1. The governing body of any recreation district in this State that has authority to issue revenue bonds is authorized to issue additional revenue bonds upon the written consent of a majority of the public officials who are authorized to make recommendations to the Governor for appointment of members of the governing body of the district.
Provisions cumulative
SECTION 2. The provisions of this act are cumulative to any other provisions of law pertaining to the right of recreation districts to issue revenue bonds.
Time effective
SECTION 3. This act takes effect upon approval by the Governor.